Walmart CEO Predicts $10 Billion In eCommerce Sales

What's Next In Payments®
8:21 PM EST June 8th, 2013

Walmart CEO Mike Duke expects his company to hit $10 billion in global eCommerce sales this year, according to All Things D. Duke made the comments at the company’s shareholder meeting on Friday.

Walmart’s acquisition of Chinese eRetailer Yihaodian has helped to boost the projection, which Walmart pegged at closer to $9 billion earlier in the year. All Things D notes that the eCommerce boost still represents a “sliver” of Walmart’s overall revenue, which hit $469 billion in 2012.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
B2B Payments
New B2B Gift Card Guide
B2B Payments
U.S. Bank Voyager Network Adds 35 Locations In Florida
Merchant Innovation
The Latest Amazon Accessory: A Human Installer
News
iPhone Sales To Surge This Holiday Season
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Controversial
Pew Report Critical of Mobile Remote Deposit Capture
Cool
Is It Mobile Imaging’s Time To Shine?
B2B Payments
New B2B Gift Card Guide
B2B Payments
U.S. Bank Voyager Network Adds 35 Locations In Florida
View All Articles ››